The real estate agent upon being engaged by the promoter under clause (f) of sub-section (2) of section 4 for a real estate project shall maintain and preserve books of accounts, records and documents separately for each such real estate project.

9

Registration Time Frame

Within time a time frame of within 30 Days RERA authorities shall deliver Registration No along with Certificate. (if Application is not being Rejected) On Completion of time frame of 30 Days (if you have not received any objection, query, rejection) there Are provision of deemed registration within 7 Days.

10

Validity of Registration

Once granted Registration is valid for next five years.

11

Rejection of Registration

Application

RERA Authority is bound to given an opportunity to being heard or to fulfilment of required papers before rejection any Application.

12

Renewal of Registration

A real estate agent to whom registration has been granted under section 9 may, make an application for renewal of his registration, at least sixty days prior to the expiry of the registration. The application shall be in Form ‘J’ and shall be accompanied with the same fees and fresh Documents as are applicable in case of new registration, under these rules.

13

Validity of Renewal

The renewal granted of registrations to a real estate agent under this rule shall also be valid for a period of five years from the date of its renewal.

14

Obligations of registered real estate agents

Every registered real estate agent shall prominently display number of his Registration Certificate at the principal place of business and at its branch offices. Every registered real estate agent shall quote his number of their registration all the documents relating to advertisement, marketing, selling or purchase issued by the real estate agent along with the number of registration certificate of the real estate project.

15

Revocation of Registration of real estate agent

Where any real estate agent who has been granted registration certificate number commits breach of any terms and conditions specified under these rules or regulations made there under, or where the Authority is satisfied that such registration has been secured by the real estate agent through misrepresentation or fraud, the Authority may, without prejudice to any other provisions under the Act, either suo-motu or on an application or complaint from the promoter or allottee or revoke the registration or suspend the same for such period as the Authority thinks fit and inform all the promoters:

Provided that, no such revocation or suspension of registration shall be made by the Authority unless an opportunity of being heard has been given to the real estate agent.

16

Rustication of New

Application in case of

Membership Revoked by

Authority.

Provided that, on the revocation of the registration by the Authority of any real estate agent; fresh application for grant of registration cannot be made again within a period of six months by such real estate agent.

17

Maintenance and preservation and production of books of accounts, records and documents.

Every registered real estate agent shall maintain and preserve such books of accounts, records and documents as he may be required in accordance with the provisions of the Income Tax Act, 1961 or the Companies Act, 2013 or under any other law applicable for the time being in force or rules and regulations framed there under and will be required to produce them for inspection if so needed for grant or renewal of the registration.

18

Other functions of a real estate agent.

The real estate agent shall provide assistance to

enable the allottee and promoter of each real estate project, to exercise their respective rights and fulfil their respective obligations at the time of marketing and selling, purchase and sale of any plot, apartment or building, as the case may be.

19

Prohibition for a Agent to

involve himself in any unfair trade practices namely

1. making any statement, whether orally or in writing or by visible representation which—

ü falsely or knowingly represents that services or amenities are of a particular standard or grade;

ü represents that the Promoter or himself has approval or affiliation which such promoter or himself does not have;

ü makes a false or misleading representation concerning the services which the promoter does not have;

2. permitting the publication of any advertisement whether in any newspaper or other media, of services that are not intended to be offered by the promoter;

3. facilitate the possession of all the information and documents, as the allottee, is entitled to, at the time of booking of any plot, apartment or building or as the case may be;

4. discharge such other functions as prescribed by the regulations of the Authority.

1 COMMENT

I HAVE PURCHASE FLAT IN SLUM REHABILITATION AUTHORITY PROJECT IN JOGESHWARI -WEST ,MUMBAI,MAHARASHTRA.I AM THIRD PARTY OWNER OF THE FLAT .THE BUILDING IS 15-17 YEARS OLD.BUT STILL UNDER DEVELOPER’S CONTROL.I AM PAYING MAINTAINANCE TO SOCEITY REGULARLY.BUT THE NAME OF THE FIRST PARTY IS STILL IN M.H.A.D.A,
WHAT WILL BE THE PROCEDURE TO TRANSFER FLAT IN MY NAME????
WHAT IS THE MATTER OF ASSESSMENT TAX ANS PROPERTY TAX???

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